Current Payment. Concurrently with its execution and delivery of this First Amendment, Tenant shall pay Landlord the sum of $83,000.00; $42,000.00 of such sum shall be applied to the Payable Amount (as hereinafter defined) for the months of April, May, and June 2003, $8,000.00 of such sum shall be applied as payment under the Flamenco Sublease for the month of April 2003 (as set forth in Section 4(a), below), and the remainder of $33,000.00 shall constitute the security deposit referenced in Section 2(c), below.
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